Nokia Keeps Romanian Plant Open Until Yearend, Pays Employees Until March 2012

29.09.2011, 12:29 | IT & C | 705 views

Nokia’s plant in Jucu, Romania, will stay open until the end of the year and employees will continue to receive wages until the end of March 2012, employees were told Thursday after the Finnish cell-phone maker announced it was shutting down its Romanian operations.

Laid off staff will also receive severance payments but the company has not yet given any details about its planned benefit packages.

The local employment agency office in Cluj said the plant's shutdown will raise the county's unemployment rate, but it is not expected to exceed 4% from the current 3.3%.

Communications minister Marius Bostan hints that it will take some time until the privatization of the stake that the state holds in Telekom România (former Romtelecom), because the authorities have not yet selected the appropriate method - sale or IPO. Furthermore, the minister says that he first of all wants to increase the value of the company, because it has a "fantastic" potential, and the company is not currently looking "the way it should". read more...

Chinese multinational Huawei, one of the largest telecom-gear makers in the world, plans to invest some 100 million euros in its global services centre in Bucharest until 2018 and, furthermore, to employ another 300 people by the end of this year. read more...

Romania has become, as of Thursday, the 54th country to have the famous YouTube video platform available in Romanian language, occasion for the local advertising companies and agencies to be able to address the target audience through some innovative models of video commercials. read more...